Rentokil Initial (LON:RTO) Stock Price Passes Above 200-Day Moving Average of $451.92

Rentokil Initial plc (LON:RTO) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 451.92 ($5.63) and traded as high as GBX 452.70 ($5.64). Rentokil Initial shares last traded at GBX 446.90 ($5.56), with a volume of 6,759,328 shares.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upped their target price on shares of Rentokil Initial from GBX 575 ($7.16) to GBX 590 ($7.34) and gave the stock an “outperform” rating in a research note on Tuesday, March 12th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 664.80 ($8.28).

Rentokil Initial Trading Up 1.1 %

The company has a market cap of £11.26 billion, a P/E ratio of 2,979.33, a P/E/G ratio of 0.79 and a beta of 0.54. The stock’s 50-day moving average is GBX 449.54 and its two-hundred day moving average is GBX 451.92. The company has a debt-to-equity ratio of 116.93, a current ratio of 1.05 and a quick ratio of 1.76.

Rentokil Initial Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th will be given a GBX 5.93 ($0.07) dividend. The ex-dividend date is Thursday, April 4th. This is an increase from Rentokil Initial’s previous dividend of $2.75. This represents a yield of 1.38%. Rentokil Initial’s dividend payout ratio (DPR) is presently 6,000.00%.

Insiders Place Their Bets

In related news, insider Andy M. Ransom sold 464,245 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of GBX 489 ($6.09), for a total transaction of £2,270,158.05 ($2,826,040.15). Insiders own 1.10% of the company’s stock.

About Rentokil Initial

Rentokil Initial plc, together with its subsidiaries, provides route-based services in North America, the United Kingdom, rest of Europe, Asia, the Pacific, and internationally. It offers a range of pest control services for rodents, and flying and crawling insects, as well as other forms of wildlife management for commercial customers.